Family firms research agrees that family involvement in ownership gives rise to idiosyncratic innovation behaviors. However, whether family ownership fosters or hampers innovation is still debated. To address this issue, we adopt a more nuanced perspective on innovation by focusing on exploratory innovation. We argue that family ownership negatively influences exploratory innovation. We further propose that this relationship is positively moderated when firms rely more heavily on digital knowledge components during the innovation process. Panel data of 504 US public limited companies in high-tech industries, observed over the period 2003-2017, provides support to both our hypotheses.
Family Ownership and Exploratory Innovations: the Moderating Role of Digital Search
Capolupo, Paolo;
2022-01-01
Abstract
Family firms research agrees that family involvement in ownership gives rise to idiosyncratic innovation behaviors. However, whether family ownership fosters or hampers innovation is still debated. To address this issue, we adopt a more nuanced perspective on innovation by focusing on exploratory innovation. We argue that family ownership negatively influences exploratory innovation. We further propose that this relationship is positively moderated when firms rely more heavily on digital knowledge components during the innovation process. Panel data of 504 US public limited companies in high-tech industries, observed over the period 2003-2017, provides support to both our hypotheses.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
